WALL STREET ANALYST: There Is A 5% Chance That They're Going To Mint The Trillion Dollar Platinum Coin

Is there really a chance that the Trillion Dollar Coin will be used as a way to avert a debt ceiling crisis?

TD Securities' analyst Millan Mulraine believes there's a non-trivial 5% chance that it will be minted.

"Minting a $1T coin: Outside of an agreement, there are other options available to the White House to avoid a default. There appears to be some serious consideration being given to the minting of a $1T coin as a plausible alternative to a default. If this is done, it could effectively provide additional room for funding government operation without the need for incurring new debt. This is akin to debt monetization. Probability 5%."